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Impact of Islamic bank financing on economic growth: empirical evidence from a panel of countries
[Impact du financement bancaire islamique sur la croissance économique: évidence empirique à partir d'un panel de pays]

Author

Listed:
  • Zakaria Savon

    (Ph.D., Faculty of Legal, Economic and Social Sciences - Souissi, Mohammed V University, Rabat)

  • Abdellah Yousfi

    (UMP - Professor, Faculty of Law, Economics and Social Sciences, University Mohammed First, Oujda, Morocco.)

Abstract

The rapid rise of Islamic finance, and particularly Islamic banking, has attracted considerable attention and sparked much debate about its effects on the real sector. This work aims to empirically identify the effects of Islamic bank financing on economic growth in a panel of countries with a dual banking system, during the period from 2013 to 2022. To do this, it employs the fully modified ordinary least squares (FMOLS) approach. The results indicate a positive impact of Islamic bank financing on economic growth.

Suggested Citation

  • Zakaria Savon & Abdellah Yousfi, 2024. "Impact of Islamic bank financing on economic growth: empirical evidence from a panel of countries [Impact du financement bancaire islamique sur la croissance économique: évidence empirique à partir," Post-Print hal-05011836, HAL.
    • Handle: RePEc:hal:journl:hal-05011836
    Note: View the original document on HAL open archive server: https://hal.science/hal-05011836v1
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